News Release

Groundbreaking PA Treasury Transparency Website Feature Allows Taxpayers to Track General Fund Balance for the First Time

Site makes Pennsylvania a leader in providing real-time and historic data on state expenditures and revenues

Harrisburg, PA – Pennsylvania Treasurer Joe Torsella today unveiled a new, groundbreaking transparency website feature that for the first time allows Pennsylvania taxpayers to access up-to-date information on the state’s General Fund, which serves as the state’s checkbook. The portal tracks the current balance of the General Fund, compares monthly and annual revenues and expenditures and illustrates how Treasury’s line of credit prevents the fund from falling into the negative.

“I promised to bring transparency to our state government and this new feature provides taxpayers with a dynamic look at how the state is spending their money. Knowledge is power and by providing access to this information, we can help taxpayers and policymakers see and understand the budget challenges the commonwealth faces."

Pennsylvania Treasurer, Joe Torsella

Treasury approves and processes all state payments and is now utilizing that information to provide easily understandable visual representations of the General Fund balance. The site tracks information on the General Fund beginning with FY 2014 -15 and will automatically update each day to reflect the state’s latest transactions. Treasury plans to expand dramatically the transparency site in the near future to provide more in-depth information on the state’s expenses.

“To our knowledge no other states provide this type of information in an easily accessible format. But this is only the first phase and we will continue to add more detailed data on how the state spends taxpayer dollars. My goal is to make it possible for Pennsylvanians to review the state’s finances as easily as they can their own."

Pennsylvania Treasurer, Joe Torsella

The website features a chart illustrating how Treasury bolsters the state’s General Fund balance by extending a line of credit to allow the commonwealth to satisfy its liquidity needs during extended periods of shortfalls in the General Fund. During this fiscal year, Treasury has provided the state with a $2.5 billion line of credit of which the state has used $2.2 billion to prevent the General Fund from going below zero. Without the line of credit, the General Fund would have been in negative territory since late October 2016.

“This clearly shows how the state repeatedly has had to borrow money just to pay its ongoing costs. The problem continues to get worse but like the movie Groundhog Day, the state just keeps doing the same thing over and over."